Morgan Stanley lifts target for Devon Energy stock ahead of results

Published on 10/16/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Devon Energy stock costs EUR 43.51 on October 16, 2026 at Lang & Schwarz. Morgan Stanley's target rose from USD 63 to USD 65 in its October 15 note.

Analyst view and scheduled results

On October 15, 2026, Morgan Stanley lifted its target from USD 63.00 to USD 65.00.
Second-quarter revenue reached USD 7.42 billion, up 73.10 percent year over year.
Devon Energy stock trades at EUR 43.51 at 10:32 a.m. CEST at Lang & Schwarz on October 16, 2026.

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Devon Energy (ISIN US25179M1036) was trading at EUR 43.51 at Lang & Schwarz on October 16, 2026, at 10:32 a.m. CEST. Morgan Stanley raised its target for Devon Energy from USD 63.00 to USD 65.00 on October 15, 2026, while keeping an Overweight rating, according to Markets Insider.

Three events shape the stock

On October 7, 2026, Devon Energy scheduled its third-quarter 2026 results for November 5, followed by a conference call on November 6, according to Devon Energy. On October 8, 2026, the company highlighted its agreement to sell Eagle Ford assets to Crescent Energy for USD 4.20 billion in cash, as stated on its investor website. On October 15, 2026, Morgan Stanley lifted its target from USD 63.00 to USD 65.00.

What does the target change mean?

The Morgan Stanley revision represents a 3.17 percent increase from USD 63.00 to USD 65.00. The analyst pointed to preliminary 2027 plans as a key issue for the third-quarter reporting cycle, while oil prices near USD 100.00 formed part of the sector backdrop, according to Markets Insider.

Devon's latest reported quarter also gives the target revision a measurable operating reference. For the second quarter of 2026, revenue reached USD 7.42 billion, up 73.10 percent from USD 4.28 billion a year earlier, while earnings per share came to USD 1.57 versus USD 0.84, according to MarketBeat. The company also paid a quarterly dividend of USD 0.32, equivalent to a 2.60 percent annual yield.

Results date sets the next test

Devon Energy's next scheduled results arrive on November 5, 2026, after the U.S. market close, with management's conference call set for November 6, 2026, according to Devon Energy. Investors will have a fresh operating update to compare with the second-quarter revenue base of USD 7.42 billion and the USD 65.00 analyst target.

Stock quote and company profile

On the NYSE, Devon Energy last closed at USD 49.24 on October 15, 2026. The same quote showed a 52-week range of USD 31.47 to USD 52.71, placing the close USD 3.47 below the high, while the market capitalization was USD 54.97 billion.

The EUR 43.51 Lang & Schwarz quote is an intraday indication for October 16, 2026. The further course of trading is shown by the continuously updated real-time quote of Devon Energy stock.